---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-023754"
form_type: "8-K"
ticker: "ATLO"
cik: "0001132651"
company_name: "AMES NATIONAL CORP"
filed_at: "2021-10-15T23:59:59+00:00"
generated_at: "2026-06-28T20:27:54.826795+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ames National Q3 net income $6.7M, EPS $0.74 vs $0.62 YoY; 9-month EPS $2.04 vs $1.49

## Summary
- Q3 2021 net income $6.7M ($0.74/diluted share) vs $5.7M ($0.62) in Q3 2020; increase driven by lower interest expense and reduced loan loss provision.
- Net interest margin compressed to 2.97% from 3.21% YoY; net interest income rose 3% to $14.7M on lower deposit costs.
- Credit for loan losses of $94K vs provision of $541K in Q3 2020; net loan recoveries of $31K vs net charge-offs of $614K.
- Total assets $2.1B (+$186M YoY); deposits up 11% to $1.84B; PPP loans outstanding $14.8M.
- Repurchased 24,603 shares at avg $23.19 under April 2021 program; quarterly dividend maintained at $0.26/share.

## SEC filing metadata
- accession: 0001437749-21-023754
- form_type: 8-K
- ticker: ATLO
- cik: 0001132651
- company_name: AMES NATIONAL CORP
- filed_at: 2021-10-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132651/000143774921023754/0001437749-21-023754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132651/000143774921023754/atlo20211014_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-023754
- JSON: https://secwatch.observer/filing/0001437749-21-023754.json
- Plain text: https://secwatch.observer/filing/0001437749-21-023754.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.